Electric Vehicles

The Sales Digest is a concise and quick reference guide to monthly EV sales numbers across the segments (E2W, E3W Cargo-Passenger, E-Cars, E-Buses.

India’s electric vehicle (EVs) transition is no longer limited to its metropolitan cities. While cities like Bengaluru, Delhi, and Mumbai were the frontrunners in EV adoption, but now, a new wave of growth is emerging from Tier 2 and Tier 3 cities, regions that represent a significant share of India’s population and account for rapidly increasing vehicle demand.

The report analyses the major trends and the movement in market shares of key players operating in the Indian electric vehicles (EV) space in the April 2024-March 2025 period (FY2025).

Electric Vehicle (EV) leasing is a vital component of India’s transport decarbonization strategy, reducing reliance on internal combustion engine (ICE) vehicles and accelerating fleet turnover. By mitigating financial risks, leasing lowers barriers to EV adoption, facilitating a faster transition to zero-emission transport while significantly reducing air pollution and greenhouse gas emissions. With appropriate policy support, financial innovation, and industry collaboration, EV leasing can serve as a key driver of India’s shift toward sustainable mobility.

The Sales Digest is a concise and quick reference guide to monthly EV sales numbers across the segments (E2W, E3W Cargo-Passenger, E-Cars, E-Buses.

Concerns over climate change and pollution have highlighted the need for renewable energy and sustainable lifestyles. Road emissions have boosted the adoption of electric vehicles (EVs) as a solution, supported by government policies. However, high upfront costs of EVs remain a challenge. Retrofitting ICE vehicles into EVs provides a more affordable alternative, promoting wider adoption of electric mobility. This white paper explores India’s EV retrofitment market and examines the costs, market dynamics, feasibility, and potential challenges associated with this transition.

Electric vehicles (EVs) are gaining momentum in India as part of a broader push toward sustainable transportation. As the country works to reduce its reliance on fossil fuels and lower emissions.

The concept of electric tractors is still in its early stages in India. The whitepaper aims to promote zero-emission tractor adoption in India, hence ensuring a sustainable future.

In FY2024, India witnessed a significant surge in electric vehicle (EV) sales, reaching a total of 17,52,406 units, marking a robust year-on-year (y-o-y) growth of 40.31% compared to the previous fiscal year. The top five states collectively account for more than 50% of the EV market share, with Uttar Pradesh leading at 17.42%, followed by Maharashtra with a market share of 12.11%, Karnataka at 9.66%, Tamil Nadu at 5.77%, and Rajasthan at 5.61%.

The report analyses the movement in market shares of the top vehicle categories, key vehicle selling states, and key players in the April 2023-March 2024 period (FY2024) in the Indian electric vehicles (EV) space.

The global transportation sector is responsible for 24% of the world’s energy consumption and 28% of greenhouse gas emissions (GHG). In India, road transport presently accounts for 12% of India’s energy-related CO2 emissions and is a key contributor to urban air pollution.

The report analyses the movement in market shares of the top vehicle categories, key vehicle selling states, and key players in the January-December 2023 period (CY2023) in the Indian electric vehicles (EV) space.

The report analyses the movement in market shares of the top vehicle categories, key vehicle selling states, and key players in the April 2022-March 2023 period (FY2023) in the Indian electric vehicles (EV) space.

The report analyses the major trends and the movement in market shares of key players operating in the Indian electric vehicles (EV) space in the October-December 2022 period (Q4 2022). The report focuses on new product launches announced during the quarter as well as the sales trend for electric two-wheelers (E2Ws), electric three-wheelers (E3Ws), electric cars (E-Cars), electric buses (E-Buses), and the overall EV market. The report also compares the overall BEV sales in the leading EV markets of Norway, China, the United States, and other 6 countries from the key geographies of Europe and Asia.

The report states that the Electric 2-wheeler industry accounted for 55% of the total EV sales in FY2022 alone. The overall E2W sales in India during the first half (H1) of FY2023 was about 4.56 lakh units which is more than twice the sales in H1 of FY2022. During the same period, the sales of high-speed (HS) E2W was more than 65% of the overall E2W sales.

The report analyses the major trends and the movement in market shares of key players operating in the Indian electric vehicles (EV) space in the July-September 2022 period (Q3 2022). The report focuses on new product launches announced during the quarter as well as the sales trend for electric two-wheelers (E2Ws), electric three-wheelers (E3Ws), electric cars (E-Cars), electric buses (E-Buses), and the overall EV market. The report also compares the overall BEV sales in the leading EV markets of Norway, China, the United States, and other 6 countries from the key geographies of Europe and Asia.

This report suggests to focus on high-visibility cases of fleet for 100% conversion to electric, such as government fleets and vehicle aggregator fleets and to define clear targets for charging stations that pave the way for establishment of charging stations in different places – petrol pumps, malls, highways, workplaces, residential apartments; capping rental costs for public charging stations; and fixing some percentage of home and workplace charging as EV ready.

The report analyses the movement in market shares of the top vehicle categories, key vehicle selling states, and key players in the April 2021-March 2022 period (FY2022) in the Indian electric vehicles (EV) space.

The report analyses the major trends and the movement in market shares of the key players in the Jan-Mar, 2022 period in the Indian electric vehicles (EV) space. The report focuses on new product launches announced during the quarter as well as the sales trend for electric two-wheelers (e-2W), electric three-wheelers (e-3W), and the overall EV market. An attempt has also been made to compare the Indian EV market with the top EV markets of Norway, China, United States, and other such countries.

The report analyses the major trends and the movement in market shares of the key players in the Oct-Dec, 2021 period in the Indian electric vehicles (EV) space. The report focuses on new product launches announced during the quarter as well as the sales trend for electric two-wheelers (e-2W), electric three-wheelers (e-3W), and the overall EV market. An attempt has also been made to compare the Indian EV market with the top EV markets of Norway, China, United States, and other such countries.

This report estimates that the annual capacity addition of LiB for automotive applications will increase from 2.3GWh in FY2021 to 104GWh by FY2030 and for non-automotive applications from 0.3GWh to 12GWh. So, 90 per cent of the total LiB demand will be driven by automotive applications on the back of favourable government policies including Faster Adoption and Manufacturing of Hybrid & EV (FAME) and various state-level EV policies.

The report analyses the major trends and the movement in market shares of the key players in the Jul-Sep, 2021 period in the Indian electric vehicles (EV) space. The report focuses on new product launches announced during the quarter as well as the sales trend for electric two-wheelers (e-2W), electric three-wheelers (e-3W), and the overall EV market. An attempt has also been made to compare the Indian EV market with the top EV markets of Norway, China, United States, and other such countries.

This report maps out the present status of the E-Car market in India, studies the key players present in the market, highlights the challenges and barriers to its adoption, analyses the central and state-level policies in place to understand its effects and gives an outlook to where the E-Car market is headed towards in the future.

The report analyses the major trends and the movement in market shares of the key players in the Apr-June, 2021 period in the Indian electric vehicles (EV) space. The report focuses on new product launches announced during the quarter as well as the sales trend for electric two-wheelers (e-2W), electric three-wheelers (e-3W), and the overall EV market. An attempt has also been made to compare the Indian EV market with the top EV markets of Norway, China, United States, and other such countries.

The report analyses the current electric two-wheeler (E2W) scenario in India including, policy initiatives, current market size, projections for the next five years, investments in the sector, key market drivers, challenges, new product models available, market share of key players, detailed profiles of leading E2W players.

The report analyses the major trends and the movement in market shares of the key players in the Jan-Mar, 2021 period in the Indian electric vehicles (EV) space. The report focuses on new product launches announced during the quarter as well as the sales trend for electric two-wheelers (e-2W), electric three-wheelers (e-3W), and the overall EV market. An attempt has also been made to compare the Indian EV market with the top EV markets of Norway, China, United States, and other such countries.

The report analyses the evolving EV charging Infrastructure in India. The report covers market overview, key market drivers, central and state government incentives for charging infra, key challenges and leading players active in this segment.

The report analyses the major trends and the movement in market shares of the key players in the Oct-Dec, 2020 period in the Indian electric vehicles (EV) space. The report focuses on new product launches announced during the quarter as well as the sales trend for electric two-wheelers (e-2W), electric three-wheelers (e-3W), and the overall EV market. An attempt has also been made to compare the Indian EV market with the top EV markets of Norway, China, United States, and other such countries.

In a new report from JMK Research & Analytics a detailed market analysis is done to analyse electric buses market scenario in India including central and state level policies, incentives, tenders, active players, investments, market size as well as next two year Outlook.

The report analyses the current electric two-wheeler (E2W) scenario in India including, policy initiatives, current market size, projections for the next five years, investments in the sector, key market drivers, challenges, new product models available, market share of key players, detailed profiles of leading 10 Indian E2W players.

The lithium-ion battery market in India is expected to increase at a CAGR of 35.5% from 2.9 GWh in 2018 to about 132 GWh by 2030. The increasing volume of lithium-ion batteries would, in turn, lead to an increasing volume of ‘spent’ batteries in our ecosystem which if left untreated would lead to health and environmental hazards. Also, the precious metals comprising of these batteries would be lost forever. Therefore, managing this lithium-ion battery waste through recycling is an inevitable need.